Jenkins, it depends what asset class you're looking to buy.1st, 2nd, performing, non performing, current on the 1st, etc.Basically that gives you a range from ~5k to 100k+ to get started.

Rental prices for a 3bd/2ba/2cg home 1500-2000sqft can easily range from $1,800-2,600 per month. 4) Major employers in Central NM include Sandia National Labs, Los Alamos National Labs, Kirtland Air Force Base, FBI, US Federal Government, State of New Mexico, ABQ Public Schools, University of New Mexico, Central NM Community College, Presbyterian Healthcare, Blue Cross Blue Shield, Lovelace Healthcare, UNM Hospitals/Cancer Center/Level I Trauma Center/Regional Medical Center, Netflix Studios & Film Industry, Solar Panel Manufacturing & Renewable Energy Industry, Meow Wolf, Amazon Fulfillment and Distribution Centers, etc.

As a new investor, you should be looking to put together a strong, experienced team to help you side step any landmines you are bound to run into.

The deals west of 315 and east of Glenwood Ave are B/B- range depending on the street they're on.

If you put the 300k down on say a $1m multifamily, it's only going to get you a 2-family if you are lucky and rents in the range of about $7,000, again, if you are lucky.

If you get a little further out from LSU, you can probably buy in the mid $200k range and cut $200-$300/month out of that.

They would not be able to add to the portfolio as they go, though.With lower leverage in the 50% LTV range, they could expect to be in the 6.45% range on a 30-year fixed today.

Is there anything in that price range in those areas that would be cash flow positive or break even at that price range.

They differ from less than $100k to north of $200k With ARVs in the $100k to $200k range finding lenders to do cash out refinances should not be difficult at all.

This is going to range wildly from market to market.